Contest: Second November Investing Contest
Final Rank: 3
Final Portfolio Value: $112,739.67 (+12.73%)
Trading Strategy For This Contest
First off, thanks for the great game everyone! Well played. This being my first HTMW monetized contest, I feel very humbled and excited to win.
During last week, I played the VIX and biotech stocks. TVIX and UVXY are 2x leveraged etfs for the VIX (CBOE Volatility Index). After the terrorists attacks, I knew the market would be in a state of chaos so I used that to my advantage while day trading the VIX
As well I bought and sold stocks such as AVXL and KBIO. These were over bought/sold stocks along with news being released about the stocks. Honestly, most of the time with these small cap biotechs you have to go with community sentiment to win.